Eurobank is entering the markets with the aim of raising 300 million euros with the release of 10-year Tier II bonds.
The bank instructed Barclays, BofA, JP Morgan and Morgan Stanley to run the process.
The bid book opens tomorrow
There is the possibility to withdraw the title from the bank after the end of the first 5 years. The bond is expected to be rated B2 by Moody’s and B- by Fitch.
A series of contacts with investors will take place today, while the offer book is expected to open tomorrow.
This particular issue is carried out in the context of the recall of an earlier corresponding 10-year bond with an issue date of January 2018.
